Qualcomm (NASDAQ:QCOM) Shares Down 1% – Here’s What Happened

Qualcomm Incorporated (NASDAQ:QCOM) shares dropped 1% during mid-day trading on Friday . The stock traded as low as $185.72 and last traded at $189.16. 7,032,263 shares changed hands during trading, a decline of 58% from the average daily volume of 16,925,332 shares. The stock had previously closed at $191.11.

Qualcomm News Summary

Here are the key news stories impacting Qualcomm this week:

• Positive Sentiment: Multiple recent pieces argue Qualcomm has more upside, including bullish price-target work and comparisons with other semiconductor names, with investors focused on its AI, data-center, and server growth potential. The Road To $380 For Qualcomm Stock
• Positive Sentiment: Analysts and market commentators highlighted Qualcomm’s expanding AI-focused portfolio and ongoing opportunities in emerging AI markets, which can reinforce the stock’s long-term growth narrative. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Positive Sentiment: Qualcomm’s automotive business continues to stand out, with record revenue and strong Snapdragon Digital Chassis adoption helping support the idea that growth is broadening beyond smartphones. Will Qualcomm’s Automotive Business Continue Driving Top-Line Growth?
• Positive Sentiment: Recent analyst upgrades, including DBS Bank’s move to “moderate buy,” and other bullish notes suggest Wall Street sentiment is improving. Monolithic vs. Qualcomm: Which Semiconductor Stock Has More Upside?
• Neutral Sentiment: One report said Qualcomm was the recipient of a large increase in short interest, but the figures shown were zero shares, so the data appears inconclusive and is unlikely to be a major driver. Short Interest Update
• Negative Sentiment: Qualcomm’s late-June removal from several Russell growth and defensive indices may still pressure the stock through passive index-related selling, even as fundamentals and AI-related headlines improve sentiment. How Investors Are Reacting To QUALCOMM (QCOM) Index Removal And New On-Device AI Deepfake Partnership

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on QCOM shares. Rosenblatt Securities boosted their price target on shares of Qualcomm from $190.00 to $265.00 and gave the stock a “buy” rating in a research note on Thursday, June 25th. Zacks Research upgraded shares of Qualcomm from a “strong sell” rating to a “hold” rating in a report on Monday, May 4th. Cantor Fitzgerald set a $220.00 target price on shares of Qualcomm and gave the stock a “neutral” rating in a report on Thursday, June 25th. Citigroup raised their price target on shares of Qualcomm from $160.00 to $198.00 and gave the company a “neutral” rating in a research report on Thursday, June 25th. Finally, Craig Hallum downgraded shares of Qualcomm from a “buy” rating to a “hold” rating in a research note on Thursday, June 25th. One research analyst has rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, twenty have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $220.45.

Qualcomm Stock Performance

The stock has a 50-day moving average price of $209.59 and a 200 day moving average price of $168.36. The company has a quick ratio of 1.61, a current ratio of 2.37 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $199.37 billion, a price-to-earnings ratio of 20.56, a P/E/G ratio of 5.63 and a beta of 1.63.

Qualcomm (NASDAQ:QCOM) last issued its earnings results on Wednesday, April 29th. The wireless technology company reported $2.65 earnings per share for the quarter, beating the consensus estimate of $2.56 by $0.09. Qualcomm had a net margin of 22.31% and a return on equity of 42.11%. The firm had revenue of $10.60 billion for the quarter, compared to analysts’ expectations of $10.59 billion. During the same quarter last year, the company earned $2.85 earnings per share. The firm’s revenue was down 3.5% compared to the same quarter last year. Qualcomm has set its Q3 2026 guidance at 2.100-2.300 EPS. On average, analysts forecast that Qualcomm Incorporated will post 7.96 EPS for the current year.

Qualcomm announced that its Board of Directors has approved a share buyback plan on Tuesday, March 17th that permits the company to repurchase $20.00 billion in outstanding shares. This repurchase authorization permits the wireless technology company to repurchase up to 14.5% of its shares through open market purchases. Shares repurchase plans are generally an indication that the company’s management believes its stock is undervalued.

Insider Activity

In other news, EVP Akash J. Palkhiwala sold 2,500 shares of Qualcomm stock in a transaction on Thursday, June 11th. The shares were sold at an average price of $197.35, for a total transaction of $493,375.00. Following the completion of the sale, the executive vice president directly owned 25,684 shares of the company’s stock, valued at approximately $5,068,737.40. The trade was a 8.87% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, EVP Heather S. Ace sold 3,200 shares of the business’s stock in a transaction on Monday, May 4th. The stock was sold at an average price of $177.82, for a total transaction of $569,024.00. Following the transaction, the executive vice president owned 39,735 shares of the company’s stock, valued at approximately $7,065,677.70. The trade was a 7.45% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 21,721 shares of company stock valued at $3,918,290 over the last quarter. Company insiders own 0.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the business. JFS Wealth Advisors LLC increased its position in Qualcomm by 3.4% during the 2nd quarter. JFS Wealth Advisors LLC now owns 1,595 shares of the wireless technology company’s stock worth $295,000 after buying an additional 53 shares during the period. Basepoint Wealth LLC grew its stake in shares of Qualcomm by 1.8% in the first quarter. Basepoint Wealth LLC now owns 3,333 shares of the wireless technology company’s stock valued at $429,000 after acquiring an additional 59 shares in the last quarter. Arkfeld Wealth Strategies L.L.C. increased its position in Qualcomm by 1.9% during the second quarter. Arkfeld Wealth Strategies L.L.C. now owns 3,274 shares of the wireless technology company’s stock worth $611,000 after acquiring an additional 62 shares during the period. Baker Tilly Wealth Management LLC boosted its holdings in Qualcomm by 1.0% in the 4th quarter. Baker Tilly Wealth Management LLC now owns 6,401 shares of the wireless technology company’s stock valued at $1,095,000 after purchasing an additional 64 shares during the period. Finally, Modern Wealth Management LLC boosted its holdings in Qualcomm by 0.5% in the 1st quarter. Modern Wealth Management LLC now owns 13,704 shares of the wireless technology company’s stock valued at $1,744,000 after purchasing an additional 64 shares during the period. Hedge funds and other institutional investors own 74.35% of the company’s stock.

Qualcomm Company Profile

Qualcomm Incorporated is a global semiconductor and telecommunications equipment company headquartered in San Diego, California. Founded in 1985, the company is known for its development of wireless technologies and for playing a central role in the evolution of digital cellular standards, including CDMA and subsequent generations of mobile standards. Qualcomm’s business combines the design and sale of semiconductor products with a patent licensing program for wireless technologies and related intellectual property.

The company’s product portfolio includes system-on-chip (SoC) platforms marketed under the Snapdragon brand, cellular modem and RF front-end components, connectivity solutions for Wi‑Fi and Bluetooth, and processors and platforms aimed at automotive, IoT, networking and edge-computing applications.